UBER trade ideas
a couple outcomes herecould keep grinding up and hit 60s in earl 2021... or pullback and enter its old trend channel, if you got in before that huge green impulse congrats :) and remember it never hurts to take a profit. goodluck :)
Flat tire or reversal?Trending downward after failing to break resistance at 39.
Holding support would be an opportunity to go long, however breaking support 29.50 is likely.
Headwinds:
California state law to provide benefits to all drivers is still out there, this could have a significant impact of UBER/LYFT.
COVID outbreak shouldn't have too much of an impact for UBER as they have continued to expand UBER EATS.
EPS was a negative prior to 2020 and still a problem.
Tailwinds:
UBER EATS growing above expectations
Increase usage of ride sharing services
oversold, possible reboundPlease note: I'm just sharing my view. its not a recommendation for buying or selling.
Uber Uber Found Its Oil In Business In The Second Half Of 2020
Back in the first quarter of the year, Uber suffered a loss of $2.94 billion. Then, it became known that they bought a food delivery service. By the end of the summer, Uber Eats had become the company's largest service, revenue in the second quarter more than doubled. Uber also won a license dispute in London in September.
Technically, the UBER share price is moving in an upward channel. We have recently touched the upper boundary of the channel. Most likely the price will go to the support zone in the near future.
Best regards EXCAVO
Long Way From ResistanceUBER is far from resistance, and with growing bullish divergence we can expect it to hit $52 again. I have 10 calls for $52 a share by Friday. On top of the bullish divergence, we already received a buy signal from the Bollinger Bands.
Comment Your thoughts below!
UBER short term bullish continuation trade idea$UBER has been on a parabolic move ever since it broke out from the 30 range earlier this year. The stock is currently consolidating in the 50s for a few weeks now and looks like it is gearing to start the next impulse wave and push higher to 59-60s. We entered weekly call options last Friday so not looking to capture the entire 12% implied move to 60 next week but will definitely am considering adding some long contracts once we break above 56. The above trade ideas are my own. Please do your own research before investing.
Blend Investing - When to Add New Stocks & ETFsIn this Tutorial I discuss WFH (Work From Home ETF) and the UBER Stock. These have been recently added to my Blend investing portfolio. BUT I didn't get in them when they were first listed!
Instead I discuss, in this video tutorial, how to watch the behaviour and use technical trading knowledge and indicators to add them to your investing portfolio at the right time.
JUST BUY UBER @$54/shareI mean it’s seated at a support area right now what other explanation do you want.Join in the buy trend
UBER Technologies Trade Update (Long term stock) UBER current breakout pattern is targeting wave (3) upside that may reach 59-64. Our Leaps has gone deep ITM, looking to scale out partial profits into 59-63.
Uber: I hope you grabbed some butterVery bearish outlook on Uber based on Wyckoff, Stochastic, and MACD. If valid, expect Uber to revisit prices under $30.
Sell Signal: 48.43 or higher #stocks Ingenuity Trading Model-
Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.
Uber: A bearish winterVery bearish signals: bearish divergence on Momentum, Stochastic, and MACD; MACD below signal line; and possible resistance at 10 DMA.
$UBER Technologies Next Fibonacci trade Setup
Potential long above Fib resistance $ 53.85
1.618 expansion target $59.00
8H UBER LONGUber eats is killing it, and with current situation with Covid 19 not going anywhere in the news media anytime soon, we can see more and more people ordering in. Their app is the cleanest of all the rideshare food delivery services.
Uber - Buys Postmates for $2.65 BillionAbsolutely beautiful play on Uber so far. If you check our previous charts, we've been buying $Uber between the $28-$33 range and up +60% on this one so far. Anything under that $45 IPO price on this one was a gift. We've moved up our stop loss to lock in out gains, but we still love this stock for the long term haul.
Uber recently closed it's deal with Postmates as well giving it a larger market share in the food delivery game as COVID19 numbers continue to rise and people keep ordering takeout home. Uber is also now in talks to sell it's flying taxi division to Joby Aviation as part of it's mission to head into profitability in 2021.
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Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
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Uber: Breaking out to a new rangeUber stands to benefit from possible recovery with positive vaccine news
after hitting our previous projection, yesterday Uber broke out into a new price range and on good volume - our next projection based on price structure and volatility is a measured move of ~$13 from a base of $46.5 -- takes us to $59.5
the confirmation we need is that with a pull back, Uber bulls manage to keep the stock above support at $51.50 to $52 -- i have marked the possible path in white - we'll see.
the weekly view supports this scenario with positive sentiment and an expanding buying pressure.
